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Public Service Enterprise Group Reaches New 52-Week High (PEG)

Public Service Enterprise Group (NYSE:PEG) hit a new 52-week high Friday as it is currently trading at $35.09, above its previous 52-week high of $35.08 with 1.2 million shares traded as of 1 p.m. ET. Average volume has been three million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Public Service Enterprise Group (NYSE: PEG) hit a new 52-week high Friday as it is currently trading at $35.09, above its previous 52-week high of $35.08 with 1.2 million shares traded as of 1 p.m. ET. Average volume has been three million shares over the past 30 days.

Public Service Enterprise Group has a market cap of $17.68 billion and is part of the utilities sector and utilities industry. Shares are up 14.2% year to date as of the close of trading on Thursday.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Public Service Enterprise Group Ratings Report.